Good. But European firms must also stop putting European intellectual property and national security at risk by outsourcing the making of sensitive technology to China or other countries, and Chinese and other foreign companies shouldn’t be allowed to take over European companies (the latter being a corresponding rule in China for foreign companies btw).
Volvo already is a Chinese brand because it’s owned by Geely. It’s not an independent Swedish car maker that just happened to outsource production to China.
It is chinese owned but Volvo is still a thing in Sweden. Geely bought them(Volvo Cars), gave them infinite money, so that Volvo could design and make cars like the 2nd gen xc90. In return Geely acquired the technology and know how on how to make quality cars.
Nowadays, Volvo can combine their world leading car design with Geely’s electric vehicle platforms. Thats how you get a car like upcoming volvo ex30, that is cheap and (probably) good.
When Volvo was owned by Ford, it was about to go the way of the Dodo(aka Saab). Geely saved it and made it a competitive car brand.
GM killed off SAAB for no good reason. We could have had Koenigsegg as the owner of SAAB…
GM almost killed Opel, until Peugeot saved them.
I don’t know how GM operates but it doesn’t look healthy.
Anti-climate tariffs
Tariffs make us all poorer in the long run. Did we learn nothing in the 20th century?
Tariffs make us all poorer in the long run. Did we learn nothing in the 20th century?
A bold statement without any economic or political context. It is Tthngs like that which make the foundation of misinformation and disinformation imo, and, in that case, play into the hands of Chinese disinformation campaigns.
One of the lessons we are learning the hardest way possible is that moving all your industrial base over seas to a country with autocratic tendencies makes you dependent on them, while also removing skill and knoedge from your country resulting in long term risk and damage.
Capital moves easily, supply lines do not. The 0 covid policy showed that this dependence on only china is dangerous for companies. And since companies are generally risk averse they will start spreading across more countries.
